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Sangamo Biosciences (SGMO) Showing Bearish Technicals With Support At $15.08

Dec 07, 2017 ( via COMTEX) --

After Dec 6, 2017aEUR(TM)s trading in Sangamo Biosciences (<a href="">SGMO</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 16.95% or 15.20% (for comparison purposes only), while providing 47.70% downside protection. The trade is a Jan 18, 2019 covered call at the $10 level for a net debit of about $8.55. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $15.08 and $17.08, respectively.

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